Headwater Exploration Inc. (CDDRF)

[geodan]

What is Corridor worth?

Someone on Stockhouse which is the active board for Corridor came up with this today:

Caracteristiques geologiques des evaluation des ressources petrolieres de la Formation de McCasty, Ile d' Anticosti, Quebec Canada (Dossier Publique 8019) 2016.
Oil (P-50) best estimate 32,3 billion bbls in place
Gas (P-50) best estimate 52.4 trillion cu, ft, in place

Let's see....32.3 billion bbls oil in place x 25% recoverable = 8.075 billion bbls recovered x $5/bbl ( a reasonable value for land-based oil in the ground) =$40.375 billion x 21.67% (CDH share) = $8.75 billion divide by 90 million shares = $97.21/sh, value of CDH based on prospective Anticosti OOIP. And more when you add the value of the gas.
No need to quibble about 25% recoverable or value of OOIP.....whatever figures you use, it's enormous. Do your own math.

rlovett

Lets say he is twice as high as should be. That is still $50 a share!! That is why have bot Corridor, even before Bill 106 legalized fracking on Anticosti Island. They own 21% of Anticosti LLC which owns 100% of the roughly 200 kilometer long island which has billions of barrel of oil the Quebec gov has reported. And the gov pays for the first $50 million of drilling, Corridor rides for free. Corridor did a sweet deal when they brought in 2 partners.